Two new jackups awarded to Keppel

Two new jackups awarded to Keppel

Keppel FELS Limited, a subsidiary of Keppel Offshore & Marine, has been awarded a contract from an affiliate of Clearwater Capital Partners to build two premium KFELS B Class jackup rigs.

 

The total cost of the project is put at US$440 million, including owner furnished equipment and project management fees. Work will start immediately and the rigs are scheduled to be completed in Autumn 2015 and early 2016.

 

Mr Wong Kok Seng, Managing Director (Offshore) of Keppel O&M and Managing Director of Keppel FELS said this brought the number of KFELS B Class/Super B Class jackup rigs on order to 17, with 49 already delivered. The company’s designs are proving popular with oil companies and drilling operators in a growing market; half of the rigs in service will be over 30 years old by 2015 and likely to need replacement before long.

 

Mr Wong Kok Seng said: “It is a clear indication of the strength of the design with oil companies and drilling operators.”

 

He added:"Having delivered 16 rigs already this year, Keppel FELS has demonstrated its strong project execution capabilities in completing all its projects safely, ahead or on time and within budget. In addition, with the rigs being built to repeat designs, we are able to reap efficiencies by replicating the process to speed up the work."

 

The KFELS B Class jackup rig can operate in water depths of up to 400 feet, can drill to 30,000 feet deep and is equipped with offline standbuilding capability. Developed by Keppel's technology arm, Offshore Technology Development, the KFELS B Class jackup design is said to provide maximum uptime with reduced emissions and discharges.

 

Dr Yao Chye Chiang, Singapore-based Chief Operating Officer of Clearwater said: "We continue to see strong demand for new high specification jackup rigs as the industry continues its rig replacement trend. The KFELS B Class is a proven design which has been the rig of choice for leading oil companies in the industry.”

Please rate

Comments 

Ctrl + Enter

Most Read

Is there a post-Brexit salary rise? It looks like it...

Is there a post-Brexit salary rise? It looks like it...

Following the Brexit vote in June last year, many experts predicted that markets would continue to fall leaving salaries stagnating and even falling in some sectors. Data shows the pace at which new jobs are being created is still slower than in 2014, with economic growth affected by the

Julian Taylor, Water Recruitment Team Leader

Julian Taylor, Water Recruitment Team Leader

Today we interviewed Julian Taylor, the Head of the Water Team at Anglo. He shares his thoughts on the water industry and gives some useful advice to professionals who are working in the Water and Wastewater industries.   A: What is your professional background? J: Well, I have been in

Some thoughts on the place of Women in Engineering

Some thoughts on the place of Women in Engineering

According to the latest women in engineering statistics from EngineeringUK 2017 report “women make up only 1 in 8 of those in engineering occupations and less than 1 in 10 of those in an engineering role within an engineering company”.  Would having more women engineers help tackle

This website uses cookies to enhance your user experience. By continuing to use this site, you consent to our use of these cookies. See our Cookie Policy.